Bloomberg | Quint is a multi-platform, Indian business and financial news company. We combine Bloomberg’s global leadership in business and financial news and data, with Quintillion Media’s deep expertise in the Indian market and digital news delivery, to provide high quality business news, insights and trends for India’s sophisticated audiences.
BizBriefing: Tito gets set to fight public servants on pay; SA's new booze police; reviving clothing sector
Manage episode 278817846 series 2605825
By BizNews. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
* South Africa can’t implement a pay deal with public servants because it would precipitate a fiscal crisis, Finance Minister Tito Mboweni said. * Mboweni said Zambia’s financial woes provided a cautionary tale and South Africa can ill afford to go down the same path as Zambia - which this month defaulted on its Eurobonds, the first African nation to do so since the onset of the coronavirus pandemic. * The alcohol industry committed to train and deploy 80 community patrollers in eight police stations (10 patrollers per station) in the Covid-19 hotspots areas in the province, an industry body has announced. * South African retailers including The Foschini Group and Woolworths Holdings are increasing investment in local clothing manufacturers – both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19 restrictions, reports Bloomberg.